While the shareholders are “only” owners of a GmbH, the managing director is responsible for more operational activities. However, resolutions concerning the assets and development of the company are taken by the shareholders at a joint general meeting. The same applies to the appointment and removal of the managing director as well as his employment contract.
While at Ein-Mann-GmbH the shareholder is also managing director, the management of larger companies regularly takes over an external employee or minority shareholder. The Managing Director has the following core tasks, which are set out in §§ 35 to 52 GmbH and may be limited by the articles of association:
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.